The NY Times Massive Debt
The New York Times has $46 million in cash and a total debt load of $1.1 billion. Gulp.
Billionaire Carlos Slim has given the cash-strapped New York Times $250 million.
Via, Media Memo.
The New York Times has $46 million in cash and a total debt load of $1.1 billion. Gulp.
Billionaire Carlos Slim has given the cash-strapped New York Times $250 million.
Via, Media Memo.
nina
holy cow.
Sam
The way it’s written it seems like an almost (unbelievable) philanthropic act.
It’s just another loan.
Thomas Semesky
My question would be: What is Carlos Slims connection to the New York Times? You just don’t give someone that much money without strings attached.
ann crimmons
i guess kathy ryan still found the money to hire a british photographer, fly him in and shoot the worst portraits . how patriotic.